Wednesday, news stories speculating whether Hostess would remain open under court order or be sold and remain open in some capacity proved false after a bankruptcy judge granted approval for Hostess to shut down operations after 82 years.

New York -
As Thanksgiving and the Hostess bankruptcy both fast approach, one New York restaurateur's unique family recipe combines one of America's favorite holiday dishes with one of its favorite snacks.

While many are mourning the loss of Hostess, free enterprise and the entrepreneurial spirit is proving to be alive and well as people take to the internet, selling the iconic Hostess Brand snacks for as much at $10 million dollars.

Irving -
Hostess, the maker of Snoballs, Zingers and Twinkies, is preparing to file for bankruptcy again, just two years after emerging from its first filing. The company is hurting from a consumer move to healthier foods, and high labor and ingredient costs.

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Store shelves are nearly empty as people rush to buy Hostess Brand snacks.

F. Bill McMorris/Twitter

Twinkie-stuffed turkey

Screengrab // CNN

Prices for Twinkies have skyrocketed since Hostess announced it was closing.

Screen Capture

However some sellers are opting to go the bid route, staring at lower prices, which as you can see has numerous bids. By the time this auction ends, the ending bid could possibly change drastically.

eBay

Some sellers are placing Twinkie items, such as these lunch boxes, at high prices.

eBay

Screen grab taken on eBay of Twinkie Bake Set auctions; as you can see a few bids have been made already.

eBay

Screen grab taken of auctions listed on eBay the day after Hostess announced it was ceasing operations. Some listings, like these, were ridiculously high while others ranged more in the $15-$45 range or less.